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Tech Investor Glade Brook To Shut Hedge Fund, Favors Narrower Bets

by reuters.com posted 1year ago 4167 views
Glade Brook Capital Partners LLC is shutting its original hedge fund in favor of a new series of vehicles focused on big bets in public securities, it said in a letter to investors on Tuesday. The change comes as the hedge fund has lost about 8 percent so far this year, after an average annual gain of about 8 percent since inception in 2011. The fund's assets peaked at about $900 million i...